RPT-US Corp Bonds-End wider but avoid equity carnage

Newswire

By Nancy Leinfuss
NEW YORK, March 24 (Reuters) - U.S. corporate bond yield spreads ended wider on Monday in cautious trade, but steered clear of the steep selloff in stocks, as hopes for a quick U.S.-led war with Iraq diminished, traders said.
"Spreads are ending wider today but we did not spiral downward with equities," one trader said.
Over the weekend, U.S.-led forces suffered their heaviest casualties in the five-day-old conflict with Iraq, encountering stiff resistance at the ...

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